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Author Topic: What I Should Know Before i Start Trading Cryptocurrency  (Read 782 times)
wandxx
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June 07, 2018, 12:43:09 PM
 #241

Before trading cryptocurrency you need to understand all terminologies regarding blockchain,and join various crypto forums.
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June 07, 2018, 02:25:11 PM
 #242

As was said earlier 'buy low and sell high'. It's an obvious thing that should be felt subconsciously. But sure it's not enough.
Before trading, you'd better do your own research almost about everything. You could also go to other forums, ask people's opinions or look at appropriate topics you're interested in. Read articles on the Internet, watch videos on YouTube. I'm pretty sure there is a lot of helpful information, try different simulators.
After that, you can try to start trading on exchanges, use popular ones. I once started with cex and it was quite helpful. Still mind fees as they differ much among exchanges.

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June 08, 2018, 03:59:49 AM
 #243

you need to know knowledge about trading and there is no just about hold and sell. you should know before you trade better you know first how the coin moves happen and you can determine the right time to buy coin and the right time to sell coin after you master it all I am sure you can always get a lot of profit
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June 20, 2018, 07:27:31 AM
 #244

That you are probably not going to become a millionaire as shown by many. You will meet a lot of fraudsters. You will constantly undergo FOMO and feel FUD. You will find it difficult to get genuine unbiased opinion.

You also need to build your portfolio based on your sound understanding of the cryptos you want to buy. You should figure out a way to store your coins in a wallet where you hold the private keys .



You will also need to compare the prices of various cryptocurrency across multiple exchanges. You can use CoinSwitch which is one of the best crypto trading platform to compare and exchange over 300+ coins at best rates.
Hazaki
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June 22, 2018, 05:37:36 PM
 #245

The 1st step to do before starting trading in cryptocurrencies is visiting coinmarketcap website .
You'll find there all the coins that exist and you'll be able to form a global vision of the cryptocurrencies market just from that website .
You'll be able to know the fluctuations that each coin have encountered in the past and you'll be able to predict what fluctuations will be coming (after making a bit of experience of course Wink ) .
Second of all you should go through a lot of important threads on the forum to gather the knowledge you need and believe me there is knowledge to grab in every corner of this forum .
Last but not least , there are a lot of youtubers that will be of a great help in order for you to understand basics of trading

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June 22, 2018, 07:21:13 PM
 #246

What do I need to Know to Start Trading on Cryptocurrency? Can anyone help me?

Nowadays crypto trading is very popular, that's why I have some interest in it. is it all about HOLD or SELL?
Nowadays crypto trading is very popular but trading is not an easy platform. First research and know about the trading platform on google or youtube and there have many sites or video about. There have many important coin and project so all altcoin is not for a long time holding so visit https://coinmarketcap.com/ and get more information every coin

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rasu_pa
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June 23, 2018, 01:45:13 AM
 #247

You should keep following any news or rumors for crypto which you want to trade and know that day trading sometimes will make you loose money.
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